This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

Melco Crown Entertainment Stock Hits New 52-Week High (MPEL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (
TheStreet) --
Melco Crown Entertainment (Nasdaq:
MPEL) hit a new 52-week high Friday as it is currently trading at $18.21, above its previous 52-week high of $18.19 with 2.4 million shares traded as of 11:35 a.m. ET. Average volume has been 4.4 million shares over the past 30 days.

Melco Crown Entertainment has a market cap of $9.52 billion and is part of the services sector and leisure industry. Shares are up 3.1% year to date as of the close of trading on Thursday.

Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in Macau. The company has a P/E ratio of 31.6, above the S&P 500 P/E ratio of 17.7.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Melco Crown Entertainment as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
Melco Crown Entertainment Ratings Report.